Subnostr

My reason for the anti-#zapathon (I didnt expect it to become so controversial!) was to avoid zapping to any WoS wallets because they could be going into a black hole, especially if the users were in the US who might not be able to get their money out. I’ve seen quite a few people complaining that the app isn’t working for them today or they can’t withdraw. That’s pretty alarming.

We spent months doing the #zapathon to stress-test and improve nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq. I have defended them in the past for being both good actors and true OGs in this space, especially in terms of the Lightning network.

I think their actions over the past couple of days have been poorly communicated and show a panic response as opposed to a responsible service wind-down.

Sikto 2y ago

But what if it wasn’t? Do you know for sure?

What if, they got wind of something that was coming, or they assessed the sentiment of the current environment, and rather than risk being caught up in something where US users actually lost their funds, they decided to pull their app instead? What if this was the reason, and they can’t say anything about it, due to the sensitivity of their source?

I’m just spitballing here, but it’s felt very one sided over the past two days, without anyone truly knowing the facts. I’ve known you for 10 months, and have never seen anything but good vibes from you, so please don’t misinterpret my notes. I’m simply trying to engage in a discussion and present a narrative that no one seems to be exploring. 🫂💜

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Discussion

The Daniel 🖖 2y ago

I’m not one to intentionally spread FUD. It could be that they are in Australia and the time difference got in the way. But they pulled out of the app stores before making an announcement that didn’t give any specific details as to why they made this decision, which leads to a lot of speculation. Nobody really knows anything about their financial condition. Their behavior reminds me of what I’ve seen from other companies that have turned out to be running scams in the past. I’m not suggesting that’s what’s happening here, but I think they owe this community who has done all their word-of-mouth marketing for them more a lot more transparency than we’re getting.

Sikto 2y ago

I disagree. I don’t think they owe a bunch of random people on nostr an explanation for their business strategy. 😜😂 . But that’s the beauty, we can disagree 🤝.

The timing was also right after Binance got spanked. Maybe you’re right and I’m wrong. The point I’m trying to make, is that we don’t know 🤷‍♂️ and custodial solutions have been very effective for me in teaching new users about bitcoin and lightning.

The Daniel 🖖 2y ago

If your bank, which in this case they are acting as a bank, shut down abruptly and didn’t give you a reason, and then told you to take your money out as soon as possible, and when you tried, the doors were locked and the ATM was limiting withdrawal amounts, would you feel you were owed an explanation? Oh, and this was also a bank you were really excited to tell people you used and you wanted to invite them to use it too.

Sikto 2y ago

Daniel, come on. This is isn’t what happened.

The Daniel 🖖 2y ago

Well, the problem is we don’t really know.